Adani Group stocks rallied up to 5% on Friday, driven by strong buying interest as investor sentiment improved following a series of positive developments across the conglomerate’s businesses.
Adani Total Gas led the gains, surging more than 5%. Adani Green Energy and Adani Energy Solutions advanced over 3% each, while Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), Adani Power, Ambuja Cements and ACC gained more than 2% each.
The rally came after a Bloomberg report said Singapore-based Helios Capital Management is betting on Adani Enterprises to be the next major contributor to its funds’ performance.
Helios Capital increases exposure to Adani Enterprises
According to the Bloomberg report, Helios Capital Management purchased around 770,000 shares of Adani Enterprises during the second quarter across three of its funds, with two of them investing in the company for the first time.
Samir Arora, founder of Helios Capital, told Bloomberg that the easing of Adani Group’s legal and reputational overhang, coupled with the strength of its ports and emerging energy businesses, has strengthened the investment case for the conglomerate.
His endorsement highlights the improving momentum for the Adani Group after it resolved sanctions-related issues with US authorities and addressed corruption-related allegations, helping restore investor confidence.
Adani Enterprises partners with Dioxycle
Separately, Adani Enterprises and French clean-tech company Dioxycle on July 10 announced a long-term partnership to develop and scale low-carbon chemical manufacturing in India.
“The initiative will begin with a pilot facility at an Adani Group site to produce formic acid using captured carbon dioxide and renewable electricity. Following successful validation, the partners plan to scale the technology for commercial manufacturing,” Adani Enterprises said in a regulatory filing.
Beyond formic acid, the partners will explore opportunities to develop a broader portfolio of chemicals used across sectors such as energy, materials, packaging and manufacturing.
For the Gautan Adani-led group company, the initiative marks a strategic entry into the chemicals sector, building on its strengths in renewable energy and infrastructure while expanding its portfolio of future-ready businesses.
Kutch Copper secures LME approval
Earlier this week, Adani Enterprises’ copper subsidiary, Kutch Copper Ltd (KCL), received London Metal Exchange (LME) registration for its ‘Adani Copper’ Grade A cathodes.
The approval makes Adani Copper cathodes eligible for delivery against LME copper futures contracts, with warrants becoming eligible for issuance from July 10, 2026.
The certification marks a significant milestone for Kutch Copper, a wholly owned subsidiary of Adani Enterprises, as it seeks to strengthen its presence in the global refined copper market.
At 1:10 PM, Adani Enterprises share price was trading 2.25% higher at ₹3,154.75 apiece on the BSE.
